Bloomberg News

Hong Kong Stocks Decline as G-8 Fails to Quash Europe Concern

May 20, 2012

Hong Kong stocks fell for a fourth day after a gathering of the leaders of the Group of Eight nations failed to deliver a unified strategy to quell the European debt crisis.

The Hang Seng Index (HSI) declined 0.3 percent to 18,887.66 at 9:30 a.m. local time. The Hang Seng China Enterprises Index of mainland stocks advanced less than 0.1 percent to 9.581.94 after China’s Premier Wen Jiabao said the government will focus more on supporting economic growth, fueling speculation that monetary policy will be further eased.

To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


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